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Alina [70]
2 years ago
9

Anew Health Care Company reports net income of $210,000 and Depreciation Expense of $24,000 for the year ending December​ 31, 20

19. No long−term assets were sold or exchanged during 2019. They also have the following data​ available: December​ 31, 2018 Current​ Assets: Cash $30,000 $80,000 Accounts Receivable $160,000 96,000 Inventory $99,000 72,000 Total Current Assets $289,000 $248,000 Current​ Liabilities: Accounts Payable $52,000 $42,000 Salaries Payable 39,000 91,000 Total Current Liabilities $91,000 $133,000 Using the indirect​ method, what is the net cash provided by operating activities for the year ending December​ 31, 2019?
Business
1 answer:
Fiesta28 [93]2 years ago
3 0

Answer:

$344,000

Explanation:

                                                      2018                 2019            Change

                                                 Amount in $    Amount in $  Amount in $

Inventory                                     99,000.00      72,000.00       27,000.00  Total current asset                   289,000.00    248,000.00       41,000.00  Accounts payable                               52,000.00     42,000.00     (10,000.00)

Salaries payable                              39,000.00      91,000.00      52,000.00  

                                                                           Amount in $

Net income                                                             210,000.00  

Add depreciation                                                      24,000.00  

Changes to current assets and liabilities  

Inventory                                                               27,000.00  

Total current asset                                               41,000.00  

Accounts payable                                                        (10,000.00)

Salaries payable                                                       <u> 52,000.00  </u>

Net cash flows from operating activities               <u>344,000.00  </u>

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yawa3891 [41]

Answer:

PV= $62,158.4

Explanation:

Giving the following information:

Annual payment= $6,400

Number of periods= 15 years

Interest rate= 6% = 0.06

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

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FV= {6,400*[(1.06^15) - 1]} / 0.06

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PV= FV/(1+i)^n

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4 0
3 years ago
Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gather
Lostsunrise [7]

Answer:

$32,000

Explanation:

Net advantage = Annual operating cost

Net advantage = [(Old machine - New machine)*10 life] - New machine cost + Old machine cost

Net advantage = [($320000 - $240000)*10] - $800000 + $32000

Net advantage = [($80000)*10 - $768,000

Net advantage = $800,000 - $768,000

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4 0
3 years ago
Net income was $503,000 in 2020, $473,000 in 2021, and $521,000 in 2022. What is the percentage of change from (a) 2020 to 2021,
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Answer and Explanation:

The computation of the percentage of change is as follows;

a. For 2020 to 2021

= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)

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= -5.96% decrease

b .For 2021 to 2022

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Mazyrski [523]

ANSWER:

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